Canadian National Railway Co
CNI- Exchange
- NYSE
- Industry
- Railroads, Line-Haul Operating
- SEC CIK
- 0000016868
No open-market purchases or sales by Canadian National Railway Co insiders were filed in the last 90 days; 849 institutions reported holding it in 13F filings for Q2 2026, worth $48.6B in total; 5 superinvestors hold it, including Gates Foundation Trust and TCI Fund Management.
13F holders, Q4 2025
Institutional positions in Canadian National Railway Co as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 809
- +67 vs. Q3 2025
- Shares held
- 411.1M
- +9.62M (+2.4%) vs. Q3 2025
- Total value
- $40.8B
- +$2.91B (+7.7%) vs. Q3 2025
- New holders
- 116
- 253 more added
- Sold out
- 49
- 278 more reduced
16 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting CNI on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 849 | $48.6B |
| Q1 2026 | 831 | $42.0B |
| Q4 2025 | 809 | $40.8B |
| Q3 2025 | 758 | $38.9B |
| Q2 2025 | 821 | $44.8B |
| Q1 2025 | 824 | $41.8B |
| Q4 2024 | 857 | $43.1B |
| Q3 2024 | 852 | $50.0B |
| Q2 2024 | 855 | $51.9B |
| Q1 2024 | 857 | $59.1B |
| Q4 2023 | 825 | $57.2B |
| Q3 2023 | 773 | $49.4B |
| Q2 2023 | 792 | $55.1B |
| Q1 2023 | 792 | $54.5B |
| Q4 2022 | 784 | $54.8B |
| Q3 2022 | 739 | $50.2B |
| Q2 2022 | 758 | $47.2B |
| Q1 2022 | 779 | $54.6B |
| Q4 2021 | 782 | $51.5B |
| Q3 2021 | 714 | $48.5B |
| Q2 2021 | 710 | $43.5B |
| Q1 2021 | 725 | $46.7B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Canadian National Railway Co; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Allen Investment Management LLC | 20,000 | $1.98M | 0.02% | 00.0% | Unchanged |
| Harrington Investments, INC | 20,138 | $1.99M | 1.00% | +245+1.2% | Added |
| Dempze Nancy E | 20,170 | $1.99M | 1.04% | −2,120−9.5% | Reduced |
| ARGA Investment Management, LP | 20,243 | $2.00M | 0.05% | +20,243 | New |
| Nia Impact Advisors, LLC | 20,601 | $2.04M | 0.68% | −50−0.2% | Reduced |
| LGT Fund Management Co Ltd. | 20,640 | $2.05M | 0.16% | +20,640 | New |
| HighTower Advisors, LLC | 21,323 | $2.11M | 0.00% | −772−3.5% | Reduced |
| Modera Wealth Management, LLC | 21,350 | $2.11M | 0.02% | +3,952+22.7% | Added |
| Harbour Trust & Investment Management Co | 21,437 | $2.12M | 0.22% | −6,103−22.2% | Reduced |
| JustInvest LLC | 21,455 | $2.12M | 0.02% | +3,132+17.1% | Added |
| Wealth Enhancement Advisory Services, LLC | 21,419 | $2.15M | 0.00% | +387+1.8% | Added |
| Keybank National Association | 22,304 | $2.20M | 0.01% | +279+1.3% | Added |
| Zurich Insurance Group Ltd | 22,400 | $2.22M | 0.02% | 00.0% | Unchanged |
| Williams Jones Wealth Management, LLC. | 22,483 | $2.22M | 0.03% | 00.0% | Unchanged |
| Colony Group, LLC | 22,549 | $2.23M | 0.00% | +2,339+11.6% | Added |
| Farrow Financial Inc. | 22,650 | $2.24M | 1.29% | +2,462+12.2% | Added |
| Petredis Investment Advisors LLC | 22,679 | $2.24M | 0.18% | −306−1.3% | Reduced |
| Northwestern Mutual Wealth Management Co | 23,415 | $2.31M | 0.00% | +1,120+5.0% | Added |
| CI Private Wealth, LLC | 23,614 | $2.34M | 0.00% | −5,468−18.8% | Reduced |
| Ensign Peak Advisors, Inc | 23,800 | $2.36M | 0.00% | 00.0% | Unchanged |
| Pacifica Partners Inc. | 23,684 | $2.37M | 1.05% | −809−3.3% | Reduced |
| Summerhill Capital Management lnc. | 24,124 | $2.39M | 2.21% | −206−0.8% | Reduced |
| CWM Advisors, LLC | 24,827 | $2.46M | 0.22% | +1,079+4.5% | Added |
| Argent Trust Co | 25,505 | $2.52M | 0.09% | +1,212+5.0% | Added |
| Pekin Hardy Strauss, Inc. | 25,646 | $2.54M | 0.23% | +3,000+13.2% | Added |
| Gulf International Bank (UK) Ltd | 25,707 | $2.54M | 0.08% | +33+0.1% | Added |
| Elefante Mark B | 27,053 | $2.67M | 1.64% | −575−2.1% | Reduced |
| Baird Financial Group, Inc. | 27,093 | $2.68M | 0.00% | −374−1.4% | Reduced |
| K.J. Harrison & Partners Inc | 27,481 | $2.72M | 0.36% | −35−0.1% | Reduced |
| Groupama Asset Managment | 20,220 | $2.74M | 0.04% | +357+1.8% | Added |
| Jupiter Asset Management Ltd | 28,089 | $2.78M | 0.02% | +28,089 | New |
| Susquehanna Advisors Group, Inc. | 28,200 | $2.79M | 0.09% | +28,200 | New |
| Nomura Asset Management International Inc. | 28,283 | $2.80M | 0.00% | +28,283 | New |
| Fiduciary Trust Co | 28,361 | $2.80M | 0.03% | +4,140+17.1% | Added |
| Adviser Investments LLC | 28,452 | $2.81M | 0.03% | −9,608−25.2% | Reduced |
| Capital World Investors | 29,707 | $2.94M | 0.00% | +2,895+10.8% | Added |
| Banque de Luxembourg S.A. | 1,124 | $2.97M | 1.39% | −24,867−95.7% | Reduced |
| Lido Advisors, LLC | 32,360 | $3.09M | 0.01% | +35+0.1% | Added |
| Huntington National Bank | 31,476 | $3.11M | 0.02% | −2,766−8.1% | Reduced |
| Notis-McConarty Edward | 31,477 | $3.11M | 1.44% | −1,145−3.5% | Reduced |
| Sterling Investment Management, Inc. | 31,660 | $3.13M | 1.77% | −6,185−16.3% | Reduced |
| Bowen Hanes & Co Inc | 31,946 | $3.16M | 0.08% | −50−0.2% | Reduced |
| Allianz Asset Management GmbH | 31,954 | $3.16M | 0.00% | +5,047+18.8% | Added |
| Private Capital Advisors, Inc. | 32,078 | $3.17M | 0.32% | −4,455−12.2% | Reduced |
| PCJ Investment Counsel Ltd. | 32,150 | $3.18M | 0.79% | +7,160+28.7% | Added |
| Orion Investment Co | 32,353 | $3.20M | 0.98% | −760−2.3% | Reduced |
| Azimuth Capital Investment Management LLC | 32,769 | $3.24M | 0.12% | +715+2.2% | Added |
| Commonwealth Equity Services, LLC | 32,894 | $3.25M | 0.00% | −455−1.4% | Reduced |
| Blair William & Co | 32,949 | $3.26M | 0.01% | −372−1.1% | Reduced |
| Kensington Investment Counsel, LLC | 33,837 | $3.34M | 1.36% | +1,187+3.6% | Added |
| Natixis | 33,847 | $3.35M | 0.01% | −7,705−18.5% | Reduced |
| Lawson Kroeker Investment Management Inc | 34,184 | $3.38M | 1.01% | +66+0.2% | Added |
| Patrick Mauro Investment Advisor, INC. | 35,349 | $3.49M | 1.83% | +143+0.4% | Added |
| Pittenger & Anderson Inc | 35,735 | $3.53M | 0.14% | 00.0% | Unchanged |
| Ausbil Investment Management Ltd | 36,632 | $3.63M | 2.06% | 00.0% | Unchanged |
| Sheets Smith Wealth Management | 38,625 | $3.82M | 0.42% | 00.0% | Unchanged |
| Immersion Capital LLP | 38,634 | $3.82M | 5.53% | −15,000−28.0% | Reduced |
| Strong Tower Advisory Services | 38,850 | $3.84M | 0.69% | +5,926+18.0% | Added |
| Triasima Portfolio Management inc. | 38,800 | $3.84M | 0.58% | +38,800 | New |
| Logan Capital Management Inc | 39,635 | $3.92M | 0.16% | +3,648+10.1% | Added |
| Morningstar Investment Management LLC | 40,749 | $4.03M | 0.24% | +8,576+26.7% | Added |
| New York State Common Retirement Fund | 40,778 | $4.03M | 0.01% | 00.0% | Unchanged |
| Stokes Capital Advisors, LLC | 40,890 | $4.04M | 0.92% | −5,612−12.1% | Reduced |
| Azzad Asset Management Inc | 41,555 | $4.11M | 0.40% | +284+0.7% | Added |
| Letson Investment Management, Inc. | 43,434 | $4.29M | 1.57% | −436−1.0% | Reduced |
| Sciencast Management LP | 44,027 | $4.35M | 0.60% | +44,027 | New |
| Markel Group Inc.SuperinvestorMarkel Group | 44,500 | $4.40M | 0.04% | +19,500+78.0% | Added |
| Davis-Rea Ltd. | 44,634 | $4.42M | 1.11% | +3,564+8.7% | Added |
| Delaney Dennis R | 45,707 | $4.52M | 2.27% | −540−1.2% | Reduced |
| Magnetar Financial LLC | 45,754 | $4.52M | 0.04% | +45,754 | New |
| Kidder Stephen W | 46,295 | $4.58M | 1.29% | −2,585−5.3% | Reduced |
| Campbell & CO Investment Adviser LLC | 48,183 | $4.76M | 0.23% | +48,183 | New |
| Janus Henderson Group PLC | 49,805 | $4.94M | 0.00% | −3,000−5.7% | Reduced |
| Reynders McVeigh Capital Management, LLC | 50,920 | $5.03M | 0.24% | −1,375−2.6% | Reduced |
| Motley Fool Asset Management LLC | 51,533 | $5.09M | 0.20% | −1,957−3.7% | Reduced |
| Founders Capital Management, LLC | 51,953 | $5.14M | 0.76% | +16,577+46.9% | Added |
| Motley Fool Wealth Management, LLC | 52,037 | $5.14M | 0.40% | −13,179−20.2% | Reduced |
| White Pine Investment CO | 52,334 | $5.17M | 1.22% | −286−0.5% | Reduced |
| Alliancebernstein L.P. | 53,611 | $5.30M | 0.00% | +1,493+2.9% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 53,767 | $5.31M | 0.01% | +33,025+159.2% | Added |
| JLB & Associates Inc | 54,183 | $5.36M | 0.72% | −23,020−29.8% | Reduced |
| Gold Investment Management Ltd. | 54,534 | $5.39M | 1.72% | +1,042+1.9% | Added |
| Brown, Lisle/Cummings, Inc. | 54,778 | $5.41M | 1.33% | +5,800+11.8% | Added |
| Sienna Gestion | 55,300 | $5.47M | 0.33% | 00.0% | Unchanged |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 40,427 | $5.48M | 0.01% | +40,427 | New |
| Smithbridge Asset Management Inc | 55,900 | $5.53M | 0.47% | +26,765+91.9% | Added |
| Burkett Asset Management Ltd | 55,967 | $5.54M | 5.60% | +55,967 | New |
| Puzo Michael J | 57,010 | $5.64M | 1.53% | −6,110−9.7% | Reduced |
| Victory Capital Management Inc | 41,800 | $5.67M | 0.00% | +41,800 | New |
| Toroso Investments, LLC | 57,792 | $5.71M | 0.02% | +52,827+1,064.0% | Added |
| Mediolanum International Funds Ltd | 57,941 | $5.76M | 0.06% | +19,997+52.7% | Added |
| Callahan Advisors, LLC | 58,422 | $5.78M | 0.47% | −19,588−25.1% | Reduced |
| Maryland State Retirement & Pension System | 58,426 | $5.78M | 0.12% | 00.0% | Unchanged |
| Graham Capital Management, L.P. | 59,880 | $5.92M | 0.20% | +56,231+1,541.0% | Added |
| Cetera Investment Advisers | 59,902 | $5.92M | 0.01% | −4,596−7.1% | Reduced |
| Stamos Capital Partners, L.P. | 60,220 | $5.95M | 0.96% | +24,418+68.2% | Added |
| Capital International Ltd | 61,579 | $6.09M | 0.21% | +8,685+16.4% | Added |
| Utah Retirement Systems | 62,397 | $6.18M | 0.06% | 00.0% | Unchanged |
| KWMG, LLC | 63,065 | $6.23M | 0.54% | +2,904+4.8% | Added |
| Generali Asset Management SPA SGR | 46,011 | $6.25M | 0.13% | −7,308−13.7% | Reduced |